Economic activity drives the freight market, but paying attention only to indicators of the economy’s overall health doesn’t tell the whole story of what may be ahead for trucking.
Long-haul trucking was a key force in the great American economic boom after World War II. And it's still an important advantage for the U.S. in today's competitive global economy.
FTR’s revised Trucking Conditions Index showed significant improvement for the month of June thanks to strengthening freight demand and lower fuel prices, but other factors are likely to keep things subdued through the rest of the year.
Growing up in the Midwest, you learn which cloud formations lead to slow and steady rain, and which often lead to more severe weather. Looking back at economic activity at the first half of 2019, we may be looking at the latter
While the overall economy grew at a steady rate in the second quarter, the transportation segment lagged behind as demand for goods and their subsequent transportation of goods was much weaker than in other sectors.
In yet another sign the economy may be cooling off, ACT Research said its most recent findings indicate a "significant" correction is looming for the North American Class 8 truck market.
Fleet operators are most worried about keeping up with fleet management technology, shortages of qualified drivers, and a possible economy slowdown, according to a survey from TD Bank.
ATBS President and CEO Todd Amen said that owner-operators can still have a successful 2019 if they are willing to recognize that “the world has changed.”
Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.